Hengdian World Studios is the largest film studio in the world. It is located in Hengdian, a town in the city of Dongyang in Zhejiang Province. The movie studio is operated by the privately-owned Hengdian Group founded by a farmer turned millionaire Xu Wenrong. Sometimes called 'Chinawood', Xu turned acres of farmland in central Zhejiang into one of the largest movie studios in Asia. Construction began in the mid-1990s and has been ongoing ever since with the possible recent addition of the replica of the Old Summer Palace.